The performance correlates of ownership control: a study of U.S. and European MNE joint ventures in India
β Scribed by Kannan Ramaswamy; Lenn Gomes; Rajaram Veliyath
- Publisher
- Elsevier Science
- Year
- 1998
- Tongue
- English
- Weight
- 86 KB
- Volume
- 7
- Category
- Article
- ISSN
- 0969-5931
No coin nor oath required. For personal study only.
β¦ Synopsis
This study reports findings from an empirical examination of the relationship between ownership control and joint venture performance. It conceptualized ownership control as a continuous variable so that the range of values of optimal equity holdings could be derived. Thus, it was possible to empirically determine both the form and strength of the relationship, aspects that prior studies have not addressed fully. The empirical examination was carried out on a longitudinal sample of joint ventures between U.S. and European MNEs and local firms in India. Results clearly show that the relationship between ownership control and performance is curvilinear. Contrary to the prevailing views that advocate an equal sharing of equity, performance was found to improve with increasingly unequal levels of ownership.
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## METHODS. Ninety-one incident cases with a pathologic diagnosis of gastric adenotering Cancer Center, New York, New York. carcinoma and 132 cancer free controls were included in this study. All cases were defined as being either the intestinal or diffuse type of gastric adenocarcinoma.